International Assets Investment Management LLC Acquires Shares of 42,404 VanEck Oil Services ETF (NYSEARCA:OIH)

International Assets Investment Management LLC acquired a new stake in VanEck Oil Services ETF (NYSEARCA:OIH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,404 shares of the company’s stock, valued at approximately $13,125,000. International Assets Investment Management LLC owned 0.57% of VanEck Oil Services ETF at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in OIH. Ancora Advisors LLC grew its stake in VanEck Oil Services ETF by 655.6% in the third quarter. Ancora Advisors LLC now owns 136 shares of the company’s stock worth $47,000 after purchasing an additional 118 shares in the last quarter. Larson Financial Group LLC grew its stake in VanEck Oil Services ETF by 118.5% in the third quarter. Larson Financial Group LLC now owns 142 shares of the company’s stock worth $49,000 after purchasing an additional 77 shares in the last quarter. Gradient Investments LLC grew its stake in VanEck Oil Services ETF by 42.6% in the third quarter. Gradient Investments LLC now owns 201 shares of the company’s stock worth $69,000 after purchasing an additional 60 shares in the last quarter. ORG Partners LLC acquired a new position in VanEck Oil Services ETF in the third quarter worth about $104,000. Finally, FNY Investment Advisers LLC acquired a new position in VanEck Oil Services ETF in the fourth quarter worth about $185,000.

VanEck Oil Services ETF Stock Performance

NYSEARCA:OIH opened at $314.68 on Monday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a one year low of $246.04 and a one year high of $364.08. The stock has a 50-day simple moving average of $324.10 and a 200 day simple moving average of $313.01.

About VanEck Oil Services ETF

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.